Congruence Capital LLC Invests $414,000 in Bel Fuse Inc. $BELFA

Congruence Capital LLC acquired a new position in Bel Fuse Inc. (NASDAQ:BELFA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,726 shares of the scientific and technical instruments company’s stock, valued at approximately $414,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of BELFA. Rhumbline Advisers grew its position in shares of Bel Fuse by 41.5% in the 1st quarter. Rhumbline Advisers now owns 2,613 shares of the scientific and technical instruments company’s stock worth $188,000 after buying an additional 767 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Bel Fuse by 447.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 744 shares of the scientific and technical instruments company’s stock worth $67,000 after buying an additional 608 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Bel Fuse by 6.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,351 shares of the scientific and technical instruments company’s stock worth $274,000 after buying an additional 150 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Bel Fuse by 13.9% in the 3rd quarter. Vanguard Group Inc. now owns 52,614 shares of the scientific and technical instruments company’s stock worth $6,122,000 after buying an additional 6,408 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Bel Fuse by 92.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 319 shares of the scientific and technical instruments company’s stock worth $37,000 after buying an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 6.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Weiss Ratings raised shares of Bel Fuse from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Robert W. Baird set a $250.00 target price on shares of Bel Fuse in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $250.00.

Bel Fuse Stock Down 0.0%

NASDAQ:BELFA opened at $261.32 on Friday. The company has a market cap of $3.32 billion, a PE ratio of 62.97 and a beta of 1.38. Bel Fuse Inc. has a twelve month low of $76.92 and a twelve month high of $276.20. The company has a current ratio of 3.18, a quick ratio of 1.73 and a debt-to-equity ratio of 0.47. The company’s 50 day moving average is $237.49 and its two-hundred day moving average is $198.43.

Bel Fuse (NASDAQ:BELFA) last released its quarterly earnings data on Wednesday, April 29th. The scientific and technical instruments company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.62 by $0.10. The business had revenue of $178.49 million for the quarter, compared to the consensus estimate of $172.07 million. Bel Fuse had a net margin of 7.84% and a return on equity of 22.38%.

Bel Fuse Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, July 15th. Bel Fuse’s dividend payout ratio is 5.78%.

About Bel Fuse

Bel Fuse Inc, incorporated in 1949 and headquartered in Jersey City, New Jersey, designs and manufactures a broad range of electronic components aimed at ensuring reliable power delivery, circuit protection and signal connectivity. The company operates through two primary segments—Power Solutions Group and Telecom Products Group—serving original equipment manufacturers in multiple end markets, including telecommunications, data communications, consumer electronics, industrial and transportation.

Within its Power Solutions Group, Bel Fuse offers magnetic components such as power and signal transformers, inductors and coils, as well as circuit protection devices including fuses and resettable polyfuses.